Charter Communications, Inc. (NASDAQ:CHTR) Receives $410.94 Average PT from Analysts

Charter Communications, Inc. (NASDAQ:CHTR) has been assigned a consensus recommendation of “Hold” from the sixteen analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $410.94.

Several equities analysts have recently commented on CHTR shares. Rosenblatt Securities cut shares of Charter Communications from a “buy” rating to a “neutral” rating and dropped their target price for the company from $472.00 to $335.00 in a research report on Tuesday, February 20th. Pivotal Research dropped their target price on shares of Charter Communications from $500.00 to $450.00 and set a “buy” rating for the company in a research report on Monday, February 5th. UBS Group dropped their target price on shares of Charter Communications from $415.00 to $360.00 and set a “neutral” rating for the company in a research report on Monday, February 5th. Benchmark dropped their target price on shares of Charter Communications from $490.00 to $440.00 and set a “buy” rating for the company in a research report on Monday, February 5th. Finally, Sanford C. Bernstein upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 target price for the company in a research report on Monday, March 18th.

Institutional Investors Weigh In On Charter Communications

Institutional investors have recently added to or reduced their stakes in the business. Wetzel Investment Advisors Inc. bought a new stake in Charter Communications during the 4th quarter worth approximately $25,000. Janiczek Wealth Management LLC grew its holdings in Charter Communications by 168.0% during the 3rd quarter. Janiczek Wealth Management LLC now owns 67 shares of the company’s stock worth $29,000 after acquiring an additional 42 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of Charter Communications in the 3rd quarter valued at $31,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Charter Communications in the 4th quarter valued at $44,000. Finally, Cullen Frost Bankers Inc. boosted its stake in shares of Charter Communications by 769.2% in the 4th quarter. Cullen Frost Bankers Inc. now owns 113 shares of the company’s stock valued at $44,000 after purchasing an additional 100 shares during the last quarter. 81.76% of the stock is owned by institutional investors.

Charter Communications Price Performance

Shares of Charter Communications stock opened at $293.51 on Monday. Charter Communications has a twelve month low of $270.41 and a twelve month high of $458.30. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 6.51. The company has a 50-day simple moving average of $311.51 and a two-hundred day simple moving average of $374.57. The stock has a market capitalization of $42.63 billion, a price-to-earnings ratio of 9.78, a price-to-earnings-growth ratio of 0.44 and a beta of 0.96.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, February 2nd. The company reported $7.07 earnings per share for the quarter, missing the consensus estimate of $8.76 by ($1.69). Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The business had revenue of $13.71 billion during the quarter, compared to analyst estimates of $13.70 billion. During the same quarter last year, the firm earned $7.69 EPS. Charter Communications’s revenue for the quarter was up .3% compared to the same quarter last year. Analysts forecast that Charter Communications will post 33.33 EPS for the current year.

Charter Communications Company Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.